Replication data for: Industrial Structure and Capital Flows
Principal Investigator(s): View help for Principal Investigator(s) Keyu Jin
Version: View help for Version V1
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| Industrial-Structure-and-Capital-Flows | 10/11/2019 05:46:PM | ||
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text/plain | 14.6 KB | 10/11/2019 01:46:PM |
Project Citation:
Jin, Keyu. Replication data for: Industrial Structure and Capital Flows. Nashville, TN: American Economic Association [publisher], 2012. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112545V1
Project Description
Summary:
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This paper provides a new theory of international capital flows. In a framework that integrates factor-proportions-based trade and financial
capital flows, a novel force emerges: capital tends to flow toward countries that become more specialized in capital-intensive industries. This "composition" effect competes with the standard force that channels capital toward the location where it is scarcer. If the composition effect dominates, capital flows away from the country hit by a positive labor force/productivity shock—a flow "reversal." Extended to a quantitative framework, the model generates sizable current account imbalances between developing and developed countries
broadly consistent with the data. (JEL F14, F21, F32, F41, L16, O19)
Scope of Project
JEL Classification:
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F14 Empirical Studies of Trade
F21 International Investment; Long-term Capital Movements
F32 Current Account Adjustment; Short-term Capital Movements
F41 Open Economy Macroeconomics
L16 Industrial Organization and Macroeconomics: Industrial Structure and Structural Change; Industrial Price Indices
O19 International Linkages to Development; Role of International Organizations
F14 Empirical Studies of Trade
F21 International Investment; Long-term Capital Movements
F32 Current Account Adjustment; Short-term Capital Movements
F41 Open Economy Macroeconomics
L16 Industrial Organization and Macroeconomics: Industrial Structure and Structural Change; Industrial Price Indices
O19 International Linkages to Development; Role of International Organizations
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